Dong Bac Corporation – under the Ministry of Defense – is the second largest coal company in Vietnam after Vietnam National Coal and Mineral Group (TKV). Total assets at the end of Q2/2023 stood at VND 11,633 billion.
Dong Bac Corporation has just released periodic information on the semi-annual financial situation in 2023. Accordingly, in the first 6 months of the year, the Corporation’s profit after tax reached VND 417 billion, 2.1 times higher than with the same period. Profit after tax/equity (ROE) increased to 18.9%.
Previously, the Corporation said that in the first 5 months of 2023, all targets met and exceeded the set plan, in which: coal production: 3.2 million tons (reaching 48% of the year plan), coal consumption : 4.4 million tons (reaching 44% of the year plan), revenue of over 10,952 billion VND (46% of the year plan), profit before tax: 500 billion VND, paying nearly 1,525 billion VND to the state budget (reaching 58% of the year plan). ).
Equity of the Corporation as of June 30 was at VND 2,207 billion. The ratio of liabilities/equity is 4.27, corresponding to the value of liabilities at 9,426 billion VND, down 8% compared to the end of the second quarter of 2022. Total assets are at 11,633 billion VND.
In which, the Corporation’s bond debt is about 700 billion dong. It is known that Dong Bac Corporation only issued one lot of bonds with code DBCCH2126001 in June 2021, with a term of 5 years, maturing in June 2026 with a current circulating value of 700 billion dong.
The purpose of the bond issuance is to supplement capital for production and business, to pay the costs of buying raw materials, buying coal, and other regular expenses of the Corporation.
This whole lot of bonds was purchased by Joint Stock Commercial Bank for Foreign Trade of Vietnam – Quang Ninh Branch.
In the first 6 months of 2023, the Corporation paid bond interest of nearly 35 billion dong.
Established in 1994 on the basis of merging coal mining units of the army in Quang Ninh province, Dong Bac Corporation – under the Ministry of Defense – is the second largest coal company in Vietnam. after Vietnam Coal and Mineral Corporation (TKV).
The products of Dong Bac Corporation include lump coal, bran coal, peat and Dong Giao coal – Ninh Binh. Since 2019, the production output of this TCT has exceeded 6 million tons/year and the consumption volume has surpassed 10 million tons/year.
T&G . International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 02473010868
Email: hrm@tginterjsc.com
Website: http://tgimportexport.com
